Meridian secures $4M in seed funding to scale its decentralized liquidity marketplace and liquid staking platform

Meridian, a Hong Kong-based decentralized liquidity marketplace and liquid staking protocol, has secured $4 million in seed funding to advance DeFi on the Movement ecosystem.

The funding round was co-led by ParaFi Capital and Borderless Capital, with additional backing from Amber Group, Saison Capital, Interop Ventures, and Oak Grove Ventures. Meridian is set to lead the development of the Move-based DeFi ecosystem on Movement, a network of blockchains developed by Movement Labs.

With this new funding, Meridian plans to expand its global team, focusing on hiring for engineering, product development, and marketing roles. This growth will fuel the platform’s roadmap and drive its market strategy forward.

Co-founded by Adam Cader, Meridian is a decentralized liquidity marketplace and liquid staking protocol built natively on the Movement network. The platform allows users to trade and earn with their assets securely and efficiently, aiming to serve as a foundational element of the Move-based financial ecosystem.

This capital positions Meridian to become the central hub for liquidity and yield within the Movement ecosystem, helping partner protocols build deep liquidity while offering users secure yield opportunities. The protocol is live on testnet and is set to officially launch alongside Movement’s mainnet, marking a key milestone for the ecosystem. Speaking about the funding, Cader highlighted the importance of this round, stating:

“This investment marks a pivotal moment for both Meridian and the Move ecosystem. We’re building a platform that enhances liquidity and yield opportunities while showcasing the strengths of Move-based smart contracts. Our mission is to deliver a seamless, efficient, and secure DeFi experience that attracts users and developers alike to the Movement ecosystem.”

Rushi Manche, Co-Founder of Movement Labs, also emphasized Meridian’s role, saying, “Meridian’s successful funding round reflects the growing momentum behind Move-based DeFi. As the ecosystem evolves, Meridian will be instrumental in aggregating liquidity and offering critical financial infrastructure. This funding will speed up the creation of a secure and composable DeFi landscape on Movement.”

Currently, the Move ecosystem represents a smaller portion of on-chain liquidity compared to established EVM and SVM solutions. Meridian aims to change that by leveraging the security and flexibility of the Move language, collaborating with restaking protocols and yield-bearing asset issuers to provide a highly secure and scalable DeFi platform.